Polymer Coated Fabrics Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2515
Polymer Coated Fabrics Market Size is expected to witness strong growth owing to its wide application scope in automotive, aircraft, railways, protective clothing, roofing, furniture and industrial sector. Polymer coated fabrics are synthetic material with several coating surfaces of different polymers including polyurethane, polyethylene, polyacrylamide, polyvinyl chloride.
These fabrics are gaining popularity due to its waterproof, UV resistant, abrasion and durable properties. The product is witnessing high demand as tarpaulins, awning pool covers, roof protectors and marine covers owing to their suitable physical properties and impermeability to dirt & oil and corrosion resistance.
Diversified possible combination with other polymer material is a key factor providing lucrative opprotunity in the technical fabric industry. Coated textiles have large commercial application in protective clothing such as fireproof clothing for firefighters, protective safety textile for commercial uses supporting product demand.
Polymer-coated fabrics are widely used in the automotive industry for the making of interiors, seat belts, air bags, vehicle seats and roofing. Stringent government regulations of vehicle safety and security measures are the major factors positively impacting installation of airbags in the vehicle. Automotive industry expansion due to rising demand for passenger and commercial vehicles is the promising factors fueling market growth during a forecast time frame.
Strict government norms from National Fire Protection Associations (NFPA) has provided guidelines for shale exploration and renewable chemicals sector about labor safety and security measures taken by companies are boosting polymer coated fabrics market demand.
The furniture industry is set to be the fastest growing segment owing to its wide commercial usage in indoor seating interiors. Availability of attractive color range makes the product highly suitable for furniture industry. Improved standardization, high visual appeal, and luxurious touch are an essential feature in interiors. PVC an PU materials will contribute significantly owing to their properties related to improving air quality and breathability in high seating traffic for indoor interior production.
Stringent government regulation in the manufacturing process of these materials due to releasing of hazardous air pollutants may impact market growth. Increasing environmental protection awareness among consumers related to the disposal issues and non-recyclable products will also restrict product growth.
Since last few years thermoplastics has gained attention as a polymeric material in coatings of specialized applications. Ease in material modification and improving fabric properties such as electrical conducting coated textile system will bolster polymer coated fabrics market penetration.
Polyvinyl chloride is expected to generate major revenue during forecast time frame owing to its advantages such as tensile strength, tear strength and dimensional stability. Attractive colors and aesthetics are important features consumers prefer in interiors, seating, pools, outdoor living furniture. Increasing demand for the variety of coated fabrics for commercial and industrial application owing to its puncture resistant properties will foster market size.
APAC polymer coated fabric market is expected to gain major market share during the forecast time. China, India, Japan, and South Korea are among the key contributing countries due to their major investments, oil & gas, automotive, chemical, steel, and industrial. Rising industrialization in China & India indicates a prominent presence of manufacturing companies which will drive polymer coated fabrics market growth in various applications.
The global industry share is competitive in nature due to the presence of major manufacturers in the market. Trelleborg AB, Continental AG, Omnovo Solutions, Takata Corporation, Sioen Industries NV, Cooley Group, Seaman, Spradling International, Inc and Serge Ferrari Group are among the prominent industry players. Other key players are SRF Limited, Dickson Constant, Saint-Gobain, Mehler Texnologies, BASF SE, PPG Industries, Sherwin-Williams, Nippon Paint Holdings, Akzo Nobel, Bayer AG, Heytex Bramsche, Mount Vernon Mills, Uniroyal Engineered Products, 3M Company Valspar Corp, and du Pont de Nemours.
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